Currency futures strengthened last week as a surge in oil prices fueled inflation concerns. As a result, most major central banks that held policy meetings adopted a cautious tone. The rally in oil prices came as tensions in the Middle East intensified, with Trump rejecting Iran’s new proposal to end the war. It was a Read More…
Currency futures struggled last week amid a decline in risk appetite due to escalating tensions between the US and Iran. Meanwhile, the dollar gained as demand for safe-haven assets increased. Additionally, market participants paid attention to US sales data, which pointed to strong consumer spending. Risk appetite plunged when Iran seized two ships in the Read More…
Currency futures recovered slightly on Monday after collapsing in the previous session amid an escalation of Middle East tensions. On Friday, currency futures had soared after Iran declared the Strait of Hormuz was fully open. However, this changed when the US seized an Iranian cargo ship over the weekend. The dollar collapsed on Friday as Read More…
Currency futures ended strongly on Friday after an optimistic week with the US and Iran striking a ceasefire deal. However, there was panic on Sunday after talks between the two countries failed. Still, optimism from the previous week returned on Monday as market participants watched for further developments. Last week, the US dollar plunged as Read More…
Currency futures moved in favor of the US dollar on Monday as solid labor data and rising geopolitical tensions increased demand for the safe-haven dollar, while traders recalibrated their expectations for global interest rates. During Asian hours, the US Dollar Index stayed close to 100.25, supported by news that the US economy added 178k jobs Read More…
Global currency futures indicated the week would start slowly. The US dollar held steady amid rising geopolitical tensions and a mixed outlook for monetary policy. The US Dollar Index futures (DXY) traded near 99.65, up slightly, as investors sought safety in the dollar. But the move lacked strong follow-through, as it failed to break above Read More…
